Shanghai Composite Elliott Wave Analysis – Trading Lounge Day Chart
Shanghai Composite Elliott Wave Technical Analysis
Function: Bullish Trend
Mode: Impulsive
Structure: Orange Wave 3
Position: Navy Blue Wave 3
Direction (Next Higher Degree): Orange Wave 3 (Started)
Wave Invalidation Level: 2684.5610
Analysis Overview
The Shanghai Composite Elliott Wave Analysis for the daily chart confirms a strong bullish trend. The market is in an impulsive phase, indicating strong upward momentum.
The current wave structure identifies Orange Wave 3, which is part of the broader Navy Blue Wave 3, reinforcing a significant upward movement. This wave structure suggests further price appreciation, with Orange Wave 3 driving market expansion.
Wave Structure Breakdown
- Orange Wave 2, a corrective phase, has concluded, paving the way for Orange Wave 3.
- Orange Wave 3 is anticipated to push prices further upward, supporting the ongoing bullish trend.
- The next higher-degree wave remains Orange Wave 3, confirming the continuation of bullish momentum.
Key Level to Watch
- Wave Invalidation Level: 2684.5610
- If the price drops below 2684.5610, the current wave count becomes invalid, possibly signaling a trend shift.
- Traders should monitor this level closely to confirm the validity of the ongoing uptrend.
Conclusion
The Shanghai Composite daily chart analysis confirms a bullish trend with strong impulsive momentum.
- The market remains within Orange Wave 3 of Navy Blue Wave 3, reinforcing further upside potential.
- The completion of Orange Wave 2 has set the stage for sustained upward movement.
- The critical invalidation level at 2684.5610 is a key threshold—a break below it could alter the bullish outlook.
- Orange Wave 3 is expected to drive prices higher, maintaining bullish sentiment in the market.
Shanghai Composite Elliott Wave Analysis – Trading Lounge Weekly Chart
Shanghai Composite Elliott Wave Technical Analysis
Function: Bullish Trend
Mode: Impulsive
Structure: Orange Wave 3
Position: Navy Blue Wave 3
Direction (Next Higher Degree): Orange Wave 3 (Started)
Wave Invalidation Level: 2684.5610
Analysis Overview
The Shanghai Composite Weekly Chart Analysis confirms an ongoing bullish trend supported by an impulsive wave structure. The market is currently in Orange Wave 3, indicating strong upward momentum and potential for further growth.
The completion of Orange Wave 2 has led to a bullish transition, marking the beginning of Orange Wave 3, which is expected to push prices higher as the market progresses.
Wave Structure Breakdown
- Orange Wave 2 has concluded, signaling a shift into Orange Wave 3.
- Orange Wave 3 is currently developing, reinforcing a sustained uptrend.
- The next higher-degree wave remains Orange Wave 3, supporting further bullish price action in the coming weeks.
Key Level to Watch
- Wave Invalidation Level: 2684.5610
- A drop below this level would invalidate the current wave count, potentially altering the bullish outlook.
- Traders should track this level closely to validate the continuation of the bullish trend.
Conclusion
The Shanghai Composite Weekly Chart Analysis indicates a strong bullish outlook, with Orange Wave 3 actively progressing.
- The completion of Orange Wave 2 signals a new upward phase.
- The wave structure supports further price appreciation, as long as the bullish trend remains intact.
- The invalidation level at 2684.5610 serves as a key technical marker—a break below this level could suggest a market trend reversal.
This analysis highlights continuing bullish momentum, making it essential for traders to monitor key levels and align their strategies with Elliott Wave principles.
Technical Analyst: Malik Awais
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